Oct 08 2008
Is Anyone Else A Bit Concerned, Or Is It Just Me?
Today, Bloomberg.com reports that U.S. Stocks Drop as Recession Concern Outweighs Rate Reductions
Oct. 8 (Bloomberg) — U.S. stocks fell for a sixth day after Treasury Secretary Henry Paulson said more banks may collapse and unprecedented global interest-rate cuts failed to convince investors the economy will avoid a recession.
And Yahoo Finance further reports today that:
"The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s," the Internatinal Monetary Fund [IMF] said in its World Economic Outlook.
Like Jon Stewart said, it's starting to look like Lord of the Flies down here. We're all on a rudderless ship, folks … the pilot has ejected, the plane is on fire, and we're all still on the plane … it's Lord of The Flies down here!!!
Sorry, I've no pithy commentary for this one. I kinda saw this coming, but I honestly didn't think it would get THIS bad. Crap.
hola. like the blog.
i sold up and got out too, and like yourself have been feeling a little unsorry for the rest of the ratrace, but yes, it looks now like it’s going to get really bad doesn’t it? bum. (..not you
ps LOVE your category names. am off to rename all mine in a more inventive fashion